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False. In industries with low levels of government regulation you can move very quickly out of poverty. It is only in areas where existing businesses obtain reg

False. In industries with low levels of government regulation you can move very quickly out of poverty. It is only in areas where existing businesses obtain regulatory capture (meat processing, medical, etc) and prevent competition that social mobility goes down. I went from poor to rich in 5 years after starting my website development service company. Lots and lots of things went wrong ranging from mistakes I made (drinking too much, hiring my girlfriend who made life a nightmare then sued me later, nepotism hiring my brother, being a bad manager at first, and many other issues).

Paul-Craft 3y ago
False. You could move very quickly out of poverty by (probably) stumbling into success in an industry with very low levels of regulation. Not everyone can do that. You have to realize that half of everybody has a below average IQ, and that pretty much puts the kibosh on the whole "starting a company in an industry with low levels of government regulation." How about this? Suppose we abolished all regulation tomorrow. How would that help people get out of poverty? Well, it wouldn't. How do I know that? Just look back to the 19th century, when we more or less didn't have regulation in the US. It was a terrible time to be a worker, but a great time to be a robber baron.
- fred_is_fred 3y ago
  I would argue that we barely have regulation now from an enforcement point of view and you may have noticed but the robber barons are back.
  - Paul-Craft 3y ago
    And I wouldn't bother to argue with that. You are right.
pmarreck 3y ago
> hiring my girlfriend > hiring my brother this almost never goes well. many relationships were ended by adding a working relationship element to the picture. this goes for friendships as well as pairings. extremely hard to make work, with long term damage resulting from it failing. you either have to compartmentalize the work relationship from the other relationship or... nope, that's pretty much what you have to do. I think what happens is that it's too easy to lean on forgiveness and slack due to the self-sustaining part of the relationship. not sure if related but it also seems like adding sex to a normal friendship can also sink both. maybe it has to do with adding ulterior motives like "profit" and "orgasm", not sure. maybe compartmentalization would help there too, not sure.... you'd have the "friend" part of the relationship (intrinsically-motivated) and the compartmentalized "tit for tat" part of the relationship (extrinsically-motivated; sex, money, etc.). This might at least leave the "friend" part somewhat intact (eventually) if the other part fails. For some reason, pure friendships are the most enduring relationships (and yes, even those can end if people grow apart, but still). One thing you're possibly not factoring in is your possible "gifts" at doing this well, and whatever opportunities (educational, parents being supportive financially or otherwise, etc.) you might have benefited from on the ramp-up to your life.
freejazz 3y ago
were you actually poor? you don't sound like it. I don't think most poor people would be able to start a business, let alone afford a drinking problem on top of it, or to hire their close associates
- silexia 3y ago
  I was poverty level growing up according to Uncle Sam... I received FAFSA loans and grants for college. My dad was a poverty level pastor who rented a duplex for us four kids and my mom stayed at home.

Paul-Craft 3y ago

False. You could move very quickly out of poverty by (probably) stumbling into success in an industry with very low levels of regulation. Not everyone can do that. You have to realize that half of everybody has a below average IQ, and that pretty much puts the kibosh on the whole "starting a company in an industry with low levels of government regulation." How about this? Suppose we abolished all regulation tomorrow. How would that help people get out of poverty? Well, it wouldn't. How do I know that? Just look back to the 19th century, when we more or less didn't have regulation in the US. It was a terrible time to be a worker, but a great time to be a robber baron.

fred_is_fred 3y ago
I would argue that we barely have regulation now from an enforcement point of view and you may have noticed but the robber barons are back.
- Paul-Craft 3y ago
  And I wouldn't bother to argue with that. You are right.

pmarreck 3y ago

> hiring my girlfriend > hiring my brother this almost never goes well. many relationships were ended by adding a working relationship element to the picture. this goes for friendships as well as pairings. extremely hard to make work, with long term damage resulting from it failing. you either have to compartmentalize the work relationship from the other relationship or... nope, that's pretty much what you have to do. I think what happens is that it's too easy to lean on forgiveness and slack due to the self-sustaining part of the relationship. not sure if related but it also seems like adding sex to a normal friendship can also sink both. maybe it has to do with adding ulterior motives like "profit" and "orgasm", not sure. maybe compartmentalization would help there too, not sure.... you'd have the "friend" part of the relationship (intrinsically-motivated) and the compartmentalized "tit for tat" part of the relationship (extrinsically-motivated; sex, money, etc.). This might at least leave the "friend" part somewhat intact (eventually) if the other part fails. For some reason, pure friendships are the most enduring relationships (and yes, even those can end if people grow apart, but still). One thing you're possibly not factoring in is your possible "gifts" at doing this well, and whatever opportunities (educational, parents being supportive financially or otherwise, etc.) you might have benefited from on the ramp-up to your life.

freejazz 3y ago

were you actually poor? you don't sound like it. I don't think most poor people would be able to start a business, let alone afford a drinking problem on top of it, or to hire their close associates

silexia 3y ago
I was poverty level growing up according to Uncle Sam... I received FAFSA loans and grants for college. My dad was a poverty level pastor who rented a duplex for us four kids and my mom stayed at home.